2021 was a Tough Year with turnovers!

[Jill F.]

After record low year for move-outs in 2020 (only two) and new purchases (26 units), this year we had record high move-outs:
Move outs from units which need to be renovated:
1) Tenant bought house (1/21)
2) Tenant went to Ghana to settle mother's estate and get married after covid travel restrictions ended. (3/21)
3) Tenant moved into larger place with gf and childrent 1/21)
4) Tenant moved for unknown reason (2/21)
5) non-renewed troublesome tenant (7/21)
6) Tenant moved in with roommate/friend (8/21)
7) Tenant got housing voucher and moved to section 8 house (10/21)
8) Tenant inherited a house from grandfather (10/21)
9) non-renewed crazy (11/21)
10) Tenant moved into one of our renovated units (12/21)

Move outs from previously renovated units (quick turnovers)

1) Tenant moved from 1BR renovated united into 2BR renovated unit (6/21)
2) Tenant lost her job and moved in with mother (12/21)
3) Tenant got job out of the area (12/21)

We started out 2021 with a backlog of 5 renovations from our 2018 slumlord purchase (never again). We got almost done with our 2020 backlog and got the first one rented but we're going to start off 2022 with 9 vacancies: a backlog of 6 unrenovated units that were vacated in 2021 (one is in progress and needs about 3 more weeks of work) and 3 units left from our 2020 backlog that each need about 1 week each to finish off.

Did anyone else have an unusual turnover year?

[Bjorn Ahlblad]

@Jill F. We had 3 tenants move out because they built houses, gave us lots of advance notice. Very ordinary year for us. You win the prize Jill!!